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Apple Buys Maker of Augmented-Reality Lenses

It’s likely planning to develop smartglasses.

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Apple Inc. has taken a step toward developing a smartglasses product with its recent acquisition of Akonia Holographics, a startup that is creating augmented-reality lenses, Reuters reported.

Financial terms of the deal were not disclosed. Apple confirmed the acquisition with a short statement to Reuters: “Apple buys smaller companies from time to time, and we generally don’t discuss our purpose or plans.”

Longmont, CO-based Akonia was founded in 2012. According to its website, the company used “proprietary volume holographic media and know-how to uniquely enable thin, transparent smart glass lenses that display vibrant, full-color, wide field-of-view images.”

The company states that it “holds an expansive technology portfolio including prototyping and media manufacturing equipment, and over 200 patents pertaining to holographic systems and materials.”

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Business Insider explains that the acquisition “reveals that Apple is working on some kind of head-mounted gadget.”

It was reported in late 2016 that Apple was looking at the possibility of making a digital eyewear product.

Read more at Reuters

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